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BOE

BNP expect 15bp December hike

US TSYS

Repo Reference Rates

BOE

BNP continue to expect a 15bp November hike

EGB OPTIONS

Euro-Bund Put Spd, Schatz Vol Sale

HUNGARY

JP Morgan On NBH 1W Deposit and Policy Rates

Retains Buoyant Feel Into Europe

EURO-DOLLAR

Volatile reaction to Fed Powell's Jackson Hole speech as he released the strategy review earlier than expected. Initial take was dovish and USD was sold, spiked EUR/USD to $1.1901 before market performed a sharp reversal, seen driven by Vix, which dropped rate down to $1.1763 before buyers moved into the dip and edged it back to $1.1835, settling around $1.1820 into the close. Powell was seen dovish, US interest rates expected to stay low for longer. Asia initially eased rate to $1.1811 before the USD and JPY came under pressure. EUR/USD rallied to $1.1880, saw a mild knock back to $1.1863 as markets reacted to the Japan Abe confirmation he is to step down on health grounds(saw JPY pare earlier losses in a sharp move) but rate was holding just off the Asia high into Europe. Resistance remains at $1.1880, a break to expose Thursday's high of $1.1901 ahead of $1.1916(76.4% $1.1966-1.1754). A break of $1.1920 to open potential for recent highs at $1.1953(Aug19 high), $1.1966(YTD Aug18 high). Support $1.1835, $1.1822 ahead of $1.1810/1.1790. Month-end looms with prelim models suggesting USD sales to be seen, some of which might be covered today due to the UK holiday Monday.